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Business magnate Warren Buffetts Berkshire Hathaway has teamed up with Cleveland Cavaliers owner Dan Gilberts Quicken Loans to offer a $1 billion cash prize for a perfect March Madness bracket. The prize would be paid out in 40 annual installments of $25 million. "Weve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat," said Jay Farner, President and Chief Marketing Officer of Quicken Loans in a statement. "It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill." The "Billion Dollar Bracket Challenge" will also pay out $100K to the 20 closest "imperfect" brackets and donate $1 mill. to inner city charities in both Detroit and Cleveland. The annual NCAA March Madness tournament field will be announced on Sunday, March 16. Registration for the contest is open to Americans only. Clearance NCAA Jerseys .com) - Hassan Whiteside scored 20 points with nine rebounds in the Miami Heats 83-75 win over the Boston Celtics on Sunday. Replica NCAA Jerseys . They actually finished with a better record in ‘07 than they did in ‘06 but only marginally, going from 61 victories to 66. https://www.chinajerseysncaa.us/ . -- Houston Rockets coach Kevin McHale searched more than three quarters for five guys who would play well together. Custom NCAA Jerseys .com) - Patrik Elias registered the winner in the shootout as New Jersey nipped Toronto 2-1 at Prudential Center on Wednesday. Cheap Football NCAA Jerseys .com) - No Sidney Crosby, no problem.Canadians Anthony Bennett and Andrew Wiggins scored a combined 26 points to help the Cleveland Cavaliers defeat the San Antonio Spurs 82-70 in NBA Summer League play on Sunday in Las Vegas. Bennett, the first-overall pick in the 2013 NBA Draft, finished with 13 points, a game-high 14 rebounds and two assists. Wigggins, the first-overall selection in this years draft, scored 13 points to go along with three rebounds and two blocks.dddddddddddd The Cavaliers are now 2-0 in Summer League play after beating the Milwaukee Bucks 70-68 on Friday. Wiggins scored 18 points in that game, while Bennett finished with 15 points. ' ' '